Hi I'm going through the progress of iva at the moment one of my loan people constantly ringing me and threatening saying my mum will have to pay it as she was guarantor the loan was out in my name and address so not sure what will happen
Unfortunately your mum will have to continue paying the loan as guarantor.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
As Kallis says, although the loan will be in your IVA you mother will now be responsible for making the repayments as guarantor.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/